U.S. stocks closed Tuesday's session solidly in the green, halting a multiday tumble for the three main equity benchmarks, which advanced as Turkey's currency slide abated, allowing investors to focus instead on a healthy domestic economy and strong corporate results. The Dow Jones Industrial Average rose 0.5% at 25,300 (on a preliminary basis), the S&P 500 index added 0.6% to 2,839, with all 11 sectors of the broad-based index finishing in positive territory. Both the Dow and the S&P 500 had fallen in the past four sessions. The technology-laden Nasdaq Composite Index , meanwhile, finished with a 0.7% higher at 7,871. In corporate news, shares of Tesla Inc. ended 2.3% lower after CEO Elon Musk late Monday said in a tweet that he was working with Goldman Sachs and private-equity firm Silver Lake on the electric-car maker's go-private plan. And shares of Shares of fashion retailer Tapestry Inc. jumped 11% after the parent of Coach and Kate Spade reported fiscal fourth-quarter earnings. The day's action was supported by a rebound in the Turkish lira which had fallen to a historic low against the dollar on Monday on intensifying concerns about the country's economic health.

Aug. 14, 2018 at 4:08 p.m. ET

by Mark DeCambre

Nasdaq finishes the session up 0.7%

Nasdaq finishes the session up 0.7%

Aug. 14, 2018 at 4:02 p.m. ET

by Mark DeCambre

Dow rises 0.5%; S&P 500 logs a 0.6% gain

Dow rises 0.5%; S&P 500 logs a 0.6% gain

Aug. 14, 2018 at 4:02 p.m. ET

by Mark DeCambre

Dow, S&P 500 end 4-day slump

Dow, S&P 500 end 4-day slump

Aug. 14, 2018 at 4:01 p.m. ET

by Mark DeCambre

Breaking

U.S. stocks end multisession slide to finish higher as Turkey's currency slide abates

U.S. stocks end multisession slide to finish higher as Turkey's currency slide abates

Apple Inc. is hiring engineers who could work on a custom chip designed for health applications, according to CNBC. The report cites job postings from the last few months and seeks engineers and ASIC architects. Apple already designs its own chips for the iPhone, iPad, Apple Watch, and AirPods according to CNBC. Tech giants have become increasingly interested in developing their own chips, including Alphabet Inc. , Facebook Inc. , and Tesla Inc. . Apple shares are up 31% over the past 12 months, while the Dow Jones Industrial Average , of which Apple is a component, has gained 15%.

Intel Corp. shares declined slightly Tuesday after the chip maker provided additional details about a vulnerability that could allow hackers into unauthorized computer areas. The chip maker released information on a "high" severity rating vulnerability called an "L1 Terminal Fault" where a computer's cache data may be accessed by an attacker. Intel identified three variants of the attack that could "potentially allow unauthorized disclosure of information residing in the L1 data cache, a small pool of memory within each processor core designed to store information about what the processor core is most likely to do next." Intel said the exploits are "highly sophisticated" and that it is not aware of any real-world attacks. Intel shares were last down 0.3% at $48.33, after trading as high as $48.77 earlier in the session, compared with a 0.6% gain in the S&P 500 index and a 0.5% gain in the Dow Jones Industrial Average . Intel has been on high alert for security vulnerabilities all year ever since reports of the Spectre and Meltdown exploits surfaced in January.

U.S. stocks add to gains in late-morning trade amid report on household debt

Household debt grew for the 16th consecutive quarter in the April-to-June period, rising by 0.6%, or $82 billion, to $13.29 trillion, the New York Fed reported Tuesday. Overall household debt is now 19.2% above the post-financial-crisis trough. Though up slightly from the prior quarter, over the year there's been a 2.5 percentage point decline in student debt that's 90-plus days delinquent or in default, which the report attributed to an improved labor market and increased participation in various income-driven repayment plans. The overall consumer flow to delinquency stayed at 2.3% in the second quarter.

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